Forbes Africa has released its annual billionaires list for 2025, and Nigeria’s business moguls, Aliko Dangote, Mike Adenuga, AbdulSamad Rabiu, and Femi Otedola, have retained their spots among Africa’s richest individuals.
The Forbes Africa’s Billionaires List 2025 features a total of 20 billionaires from Africa, with Nigeria’s Dangote, Adenuga, Rabiu, and Otedola making the cut. The list is based on the net worth of each individual, calculated using stock prices and exchange rates as of February 2025.
Aliko Dangote, chairman of Dangote Cement, retains his spot as Africa’s richest individual, with a net worth of $20.5 billion. Mike Adenuga, chairman of Globacom, ranks second with a net worth of $6.2 billion. AbdulSamad Rabiu, chairman of BUA Group, ranks third with a net worth of $5.5 billion, while Femi Otedola, chairman of Forte Oil, ranks fourth with a net worth of $4.5 billion.
The Forbes Africa’s Billionaires List 2025 highlights the growing number of billionaires in Africa, with several individuals making their debut on the list. The list also reflects the increasing influence of African business leaders in the global economy.
Despite their wealth and influence, African billionaires face several challenges, including economic instability, corruption, and infrastructure deficits. These challenges can impact their businesses and investments, making it difficult to sustain their wealth and create jobs.
The Forbes Africa’s Billionaires List 2025 is a testament to the growing influence of African business leaders in the global economy. Dangote, Adenuga, Rabiu, and Otedola’s retention of their spots on the list reflects their business acumen and strategic investments. As Africa continues to grow and develop, it is likely that more billionaires will emerge from the continent.